MASKUSDT trade ideas
MASK/USDT { MASK NETWORK } - BULLISH SETUPANALYSIS 🔎
- MASK/USDT is consolidating in a symmetrical triangle pattern.
- There's a breakout potential.
BUY ENTRY ⬆️
- Market entry: current market price.
- Stop limit entry: breakout above the symmetrical triangle's inclined resistance.
- Limit entry: test of the symmetrical triangle's inclined support.
TARGETS 🎯
- Symmetrical triangle's inclined resistance.
- Horizontal resistance level (@18.459).
- Horizontal resistance level (@20.700).
- Fibonacci extension level 1.0 (@27.605).
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
MASk USDTMask Network is flashing some bullish signals!
We have a descending wedge formation that has
confirmed breakout. We must now see follow through with
confirmed volume to increase chances of this being a new bull run!
Secondly we can also see a massive cup and handle formation that suggest a
projected price of MASK Network to reach up to 30$+ target!
As of now, due to the a falling wedge breakout, i am leaning bullish and also firmly
believe MASK trades at 20$ in the near future.
Please note this is not financial advice and i am not a financial advisor.
Trade at your own risk.
MASKUSDT 4H long setup; Supported by 4H 50MATA explained
MASK is holding up strong above the 4H 50MA, looking good for upward continuation.
Trade setup
Best entries: 9.9648 - 10.3222
TP1: 10.9785
TP2: 11.6138
TP3: 12.2686
SL: 9.6447
RR: 4.31
Max leverage: 3
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MDSquared Crypto Lounge
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)